ENS entering accumulation phase? or are we going to see more low
Is ETH NAME SERVICE token entering accumulation phase or are we going to tank down to $5 since it serves no purpose other than Governance?
We can see a long term falling wedge pattern, we did see some breakout recently with some buying volumes coming in from the 26th Jan 2022
Seems like ENS is paired to the big boys (bitcoin). And since Bitcoin seems to have paired with NASDAQ, if Bitcoin doesnt move to mid 40ks in FEB 22
It will be trouble for the markets. The reason being is that as we get closer to the month of March, FED is about to announce its first Interest Rate Hike since ages.
This may have a bearish impact on the stocks which might result into a sell off in crypto markets as well.
We can see a long term falling wedge pattern, we did see some breakout recently with some buying volumes coming in from the 26th Jan 2022
Seems like ENS is paired to the big boys (bitcoin). And since Bitcoin seems to have paired with NASDAQ, if Bitcoin doesnt move to mid 40ks in FEB 22
It will be trouble for the markets. The reason being is that as we get closer to the month of March, FED is about to announce its first Interest Rate Hike since ages.
This may have a bearish impact on the stocks which might result into a sell off in crypto markets as well.